Gst input

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satender

satender (Querist)
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28 April 2018 Dear
Can we take any service or expenses which we have received or buy inputs

RAJA P M

RAJA P M (Expert)
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29 April 2018 Normally Yes... But, It's based on business nature... Also elaborate Your query with some details.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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13 May 2018 Section 16(1) of the CGST Act provides that a registered person shall be entitled to take Input tax credit of input tax charged on supply of goods and/or services which are used in the course of business.

However, Section 17(5) provides that ITC will not be available in respect of certain goods/ services such as motor vehicle, food and beverage, membership, rent-a-cab, etc.

So you can avail ITC on expenses accordingly.

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